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REGISTERED NUMBER: 06230341 (England and Wales)















Unaudited Financial Statements

for the Period 1 May 2022 to 31 October 2022

for

Hayes Design Ltd

Hayes Design Ltd (Registered number: 06230341)






Contents of the Financial Statements
for the Period 1 May 2022 to 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hayes Design Ltd

Company Information
for the Period 1 May 2022 to 31 October 2022







DIRECTORS: Mr S Hayes
Miss E Hayes





REGISTERED OFFICE: 44 Fairgreen Road
Caddington
LU1 4JG





REGISTERED NUMBER: 06230341 (England and Wales)





ACCOUNTANTS: Astons Accountants
Chartered Certified Accountants
19-21 Manor Road
Caddington
Bedfordshire
LU1 4EE

Hayes Design Ltd (Registered number: 06230341)

Balance Sheet
31 October 2022

31.10.22 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,883 25,902

CURRENT ASSETS
Debtors 5 25,813 14,787
Cash at bank 13,885 11,896
39,698 26,683
CREDITORS
Amounts falling due within one year 6 32,245 14,448
NET CURRENT ASSETS 7,453 12,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,336

38,137

CREDITORS
Amounts falling due after more than one year 7 29,463 38,080
NET ASSETS 873 57

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 871 55
SHAREHOLDERS' FUNDS 873 57

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Hayes Design Ltd (Registered number: 06230341)

Balance Sheet - continued
31 October 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:





Mr S Hayes - Director


Hayes Design Ltd (Registered number: 06230341)

Notes to the Financial Statements
for the Period 1 May 2022 to 31 October 2022

1. STATUTORY INFORMATION

Hayes Design Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

Hayes Design Ltd (Registered number: 06230341)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 October 2022

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2022 35,115 13,835 48,950
Additions - 245 245
At 31 October 2022 35,115 14,080 49,195
DEPRECIATION
At 1 May 2022 11,228 11,820 23,048
Charge for period 2,986 278 3,264
At 31 October 2022 14,214 12,098 26,312
NET BOOK VALUE
At 31 October 2022 20,901 1,982 22,883
At 30 April 2022 23,887 2,015 25,902

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 30.4.22
£    £   
Trade debtors 462 6,000
Directors' current accounts 16,131 8,787
VAT 194 -
Prepayments and accrued income 8,000 -
Prepayments 1,026 -
25,813 14,787

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 30.4.22
£    £   
Bank loans and overdrafts (see note 8) 3,963 -
Hire purchase contracts 5,265 5,265
Trade creditors 1,550 1,550
Tax 9,642 6,025
VAT - 108
Accrued expenses 11,825 1,500
32,245 14,448

Hayes Design Ltd (Registered number: 06230341)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 October 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 30.4.22
£    £   
Bank loans (see note 8) 11,037 17,022
Hire purchase contracts 18,426 21,058
29,463 38,080

8. LOANS

An analysis of the maturity of loans is given below:

31.10.22 30.4.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,963 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 11,037 17,022

9. RELATED PARTY DISCLOSURES

The Director Mr S Hayes is also a Director of Faulkner Hayes Services Ltd. During the period, Hayes Design Ltd invoiced Faulkner Hayes Services Ltd for services at a total of £20,000 (2022 - £71,594).

The Director Mr S Hayes is also a Director of Custom Building and Services Ltd. During the period, Hayes Design Ltd invoiced Custom Building and Services Ltd for services at a total of £26,000 (2022 - £Nil). During the year Hayes Design borrowed an amount of £15,000 from Custom Building and Services Ltd. At the period end Hayes Design owed Custom Building and Services Ltd £15,000.